Below is a list of month-end accounting tasks you should complete PRIOR to issuing owner statements and financial reports (linked SOPs forthcoming for each step below)
Reconcile Revenue in QBO back to your Property Management System
Book Management Commissions using $0 bill template
NOTE - if using Management Commission Automation, perform high level review to make sure total monthly commissions are correct
Book any monthly fees or charges
Issue statements and pay owners
Perform month-end accounting journal for Operating/Trust liability